Saturday, 9 October 2021

Markets mixed, US jobs report disappoints

Markets were mixed on Friday.

The S&P 500 fell 0.2 percent and the STOXX Europe 600 fell 0.3 percent.

However, Asian stocks rose, with the Shanghai Composite up 0.7 percent and the Nikkei 225 up 1.3 percent.

US stocks were weighed down by a disappointing employment report, which showed just 194,000 job gains in September.

“This jobs number could call into question the starting point for taper late this year,” said Jamie Cox, managing partner for Harris Financial Group.

Still, the Federal Reserve will have to keep an eye on inflation as oil prices rose on Friday, with West Texas Intermediate crude futures crossing US$80 per barrel for the first time since November 2014.

1 comment:

Appsinsight said...

Amazing share. This article provides deep knowledge and practical information about the niche. I reviewed all the details and picked up several useful insights. Looking forward to more elaboration in future updates. Keep pushing forward.

Agentic AI in Education: Use Cases, Risks, and an Implementation Cost

How Agentic AI Is Changing Software Development

Why Partnering with Top Agentic AI Companies

Top Reasons Why You Should Hire The Best Agentic AI Companies In The Toronto

Post a Comment